Harmony Gold Ushers in New Leadership with CEO Beyers Nel

Harmony Gold, South Africa's leading gold producer, announces Beyers Nel as the new CEO, succeeding Peter Steenkamp. Nel, a company veteran, starts January 2025, focusing on international copper projects in Australia and Papua New Guinea. The move marks Harmony's strategic growth phase and expansion beyond South Africa.

Harmony Gold, recognized as South Africa's largest gold producer by volume, has announced a leadership transition. Beyers Nel will assume the role of chief executive officer starting January 1, 2025, succeeding Peter Steenkamp who is retiring.

Nel, who has been with the company since 2003, has served as Harmony's chief operating officer since January 2023. Under his leadership, the company plans to push forward with new copper projects in Australia and Papua New Guinea. These expansions highlight Harmony's intention to continue extracting profits from the challenging environment of ageing and deep South African gold mines.

With Floyd Masemula as his deputy, Nel is set to guide the company through its 'next exciting growth phase,' as described by Chairman Patrice Motsepe. Harmony is keen on advancing its Walfi Golpu gold-copper joint venture and the Eva copper project, aiming to diversify and expand beyond declining mineral reserves and rising production costs in South Africa.

(With inputs from agencies.)